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Google bought Nest Dropcam Home Security System Company

Home Security company Nest labs announced that it will be buying IP company dropcam for $555 million in cash. According to Re/code the deal signed on Friday, has yet to close. Google bought Nest in January for $3.2 billion. Dropcam, which lets users monitor homes and offices via its camera hardware and software, will adopt Nest's privacy policy after the acquisitions, the latter company said in its blog post.